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Resources & Energy Group Limited Head Office: Level 33, 52 Martin Place, Sydney, NSW, 2000 ACN 162 869 276 ABN 68 162 869 276 Postal: Level 33, 52 Martin Place, Sydney, NSW, 2000 T: +61 2 9227 8900 | F: +61 2 9227 8901 Twitter: @REZ_GOLD | LinkedIn: REZGROUP | W: www.rezgroup.com.au E: [email protected]
ASX Release 8th October 2019
REZ secures another 20sqkm of highly prospective ground at Menzies Gold Project
Acquisition marks another step in the strategy to establish a commercial inventory in a project which hosts numerous old workings just 130km north of Kalgoorlie
Highlights
• REZ has secured an additional 10sqkm in the Western Zone and 10sqkm in the Eastern Zone of the Menzies Gold Project
• Western Zone: the new acreage is a continuation of highly prospective area with numerous historical workings and host to the high-grade Goodenough and Maranao historical mines
• Eastern Zone: this is an additional 4km length of the Moriarty Shear along strike of Gigante Grande prospect – high grade drill hits include 21m @ 7.11gpt including 5m @ 29gpt (see ASX Announcement dated 17th of July 2019)
• Resource upgrade being calculated at Goodenough following the latest round of strong results (see ASX release dated 26th of September 2019)
• Drilling to commence at Gigante Grande this quarter to test the immediate and regional potential of the Moriarty shear and follow up previous positive drilling results
Resources & Energy Limited (ASX: REZ) is pleased announce that it has acquired another 20sqkm of highly prospective ground at its Menzies Gold Project in WA.
The new ground is within the Western and Eastern zones at Menzies, where REZ already holds ~90sqkm.
Menzies hosts numerous high-grade old workings and drilling results but has been exposed to limited modern-day exploration.
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Figure 1 - Additional Tenements
REZ Chief Executive Christian Price said: “These latest acquisitions represent two more pieces of the highly prospective Menzies jigsaw.”
“We know there is extensive high-grade mineralisation across our ground and we have ongoing drilling programs and other exploration activity underway to accumulate a commercial inventory which we believe will give us several development options.”
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About Resources and Energy Group Limited
Resources and Energy Group Limited (ASX:REZ) is an independent, ASX-listed mineral resources explorer, developer and producer, holding mining leases in Western Australia and Queensland. REZ aims to develop a portfolio of mining tenements through to production. REZ is currently focused on the development of the flagship Menzies Project 130km north of Kalgoorlie in Western Australia.
Investors: Christian Price - Chief Executive Officer E: [email protected] P: +61 2 9227 8900
Media: Paul Armstrong E: [email protected] P: +61 8 9388 1474
